David P. Mansfield - Nov 17, 2021 Form 4 Insider Report for Provident Bancorp, Inc. /MD/ (PVBC)

Role
President and CEO, Director
Signature
/s/ Carol Houle, pursuant to power of attorney
Stock symbol
PVBC
Transactions as of
Nov 17, 2021
Transactions value $
-$132,872
Form type
4
Date filed
11/18/2021, 11:41 AM
Previous filing
Mar 3, 2022
Next filing
Dec 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PVBC Common Stock Tax liability -$133K -6.68K -4.16% $19.90 154K Nov 17, 2021 Direct F1, F2, F3
holding PVBC Common Stock 8.6K Nov 17, 2021 By IRA
holding PVBC Common Stock 9.54K Nov 17, 2021 By ESOP F7
holding PVBC Common Stock 16.6K Nov 17, 2021 By Spouse
holding PVBC Common Stock 93.5K Nov 17, 2021 By 401(k)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding PVBC Stock Options 204K Nov 17, 2021 Common Stock 204K $11.93 Direct F4
holding PVBC Stock Options 51.1K Nov 17, 2021 Common Stock 51.1K $11.93 Direct F5
holding PVBC Stock Options 226K Nov 17, 2021 Common Stock 226K $8.61 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 17, 2017.
F2 Includes shares of restricted stock which vest at a rate of 20% per year commencing on December 17, 2021.
F3 Includes shares of restricted stock which vest at a rate of 33% per year commencing on December 17, 2021.
F4 Stock option vest at a rate of 20% per year commencing on December 17, 2021.
F5 Stock option vest at a rate of 33% per year commencing on December 17, 2021.
F6 Stock option vest at a rate of 20% per year commencing on November 17, 2017.
F7 Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.